• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Global shares cautiously higher ahead of U.S. core inflation data
Business

Global shares cautiously higher ahead of U.S. core inflation data

October 27, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

[1/2]The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 26, 2023. REUTERS/Staff/File Photo Acquire Licensing Rights

  • Nasdaq futures up on Amazon results
  • Dollar above 150 yen as intervention fears grow
  • US Sept PCE data due on Friday, could surprise on downside
  • Oil prices rise again as Middle East conflict fears spread

SYDNEY, Oct 27 (Reuters) – Global shares rose on Friday after data showed the U.S. economy was growing robustly and traders awaited a U.S. core inflation report later in the session that may show price pressures are continuing to abate.

MSCI’s all-country equity gauge (.MIWD00000PUS) rose 0.2% following reassuring news on Thursday that the U.S. economy expanded at its fastest rate for almost two years in the third quarter, while the European Central Bank (ECB) also held interest rates steady.

Futures tracking Wall Street’s tech-heavy Nasdaq 100 index added 0.7% in response to Amazon beating sales estimates. Europe’s Stoxx 600 share index was 0.3% lower. (.STOXX)

The yield on the 10-year U.S. Treasury, which moves inversely to the price of the debt security and functions as a benchmark for global borrowing costs, rose 3 basis points (bps) to 4.845% after scaling 5% earlier in the week

Economists expect a report on Friday to show U.S. core personal consumption expenditure, the Federal Reserve’s favoured inflation measure, declined to 3.7% in September from 3.9% a month earlier.

Still, analysts noted that any signal central banks’ recent victories against inflation were losing ground could renew speculation about even more rate hikes to come.

See also  Unusual Demand is Sending the Stock Higher

“This is a bond market that at the moment doesn’t need much of an excuse to fire a tantrum,” said Simon Harvey, head of FX analysis at Monex Europe.

The 10-year yield, which can hit stock prices when it rises by varying the discount rate investors use to value companies’ future cashflows, has climbed from around 4% in early August.

The Fed holds its next interest rate-setting meeting next week. The world’s most influential central bank is widely expected to keep its funds rate in a range of 5.25%-5.5%, although chair Jay Powell has said a strong economy and tight jobs market could warrant more rate rises.

And while the ECB on Thursday also held its deposit rate at a record high of 4%, president Christine Lagarde signalled in comments after the decision that further monetary tightening was possible.

The ECB had adopted “a somewhat hawkish wait and see stance,” said Martin Wolburg, senior economist at Generali Investments, noting that a slowing euro zone economy was not a one-way street to rate cuts now oil prices were rising.

“In the current environment, uncertainty for monetary policymaker has increased significantly,” he said.

Amid growing concerns that the Israel-Hamas conflict could spread more widely, two U.S. fighter jets struck weapons and ammunition facilities in Syria on Friday in retaliation for attacks on U.S. forces by Iranian-backed militia.

Brent crude futures climbed 1.6% to $89.30 a barrel on Friday, now 6% higher since Hamas militants burst out of Gaza to attack southern Israel on Oct. 7.

In Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) bounced 0.9% after hitting a fresh 11-month low on Thursday.

See also  Huawei to move smart car operations to new joint company with Changan

In currency markets, the euro was steady at 105.56 per dollar, now down almost 14% in the last three months .

Thanks to rate rises and a robust U.S. economy, the index that measures the dollar’s strength against competing currencies has risen almost 5% in three months and was on Friday on track for a 0.4% weekly gain.

The yen hit a fresh one-year low of 150.77 per dollar overnight and was last at 150.25 . It was not far off the three-decade low of 151.94 it touched in October last year that led Japanese authorities to intervene to prop up the currency.

In recent weeks the Bank of Japan has also intervened heavily in its bond market to suppress yields, pitting itself against market forces as global rates have risen.

The BoJ will face pressure at its meeting next week to shift away from bond yield control, with any nod to tighter Japanese policy potentially strengthening the yen and encouraging domestic investors to sell overseas assets.

Reporting by Stella Qiu; Editing by Sam Holmes and Jamie Freed

: .

Acquire Licensing Rights, opens new tab
ahead cautiously Core data Global higher inflation shares U.S
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025

Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

May 7, 2025

Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

May 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Consortium News Sues NewsGuard, U.S. Government over Censorship Collaboration

October 24, 2023

UAW’s new deal with Ford includes $8 billion in manufacturing investments

October 30, 2023

45-Year-Old Marathon Runner ‘Dies Suddenly’ After Race

April 29, 2023

Corporate Media In Crisis As Outlets Grapple With Biden’s Economy

January 26, 2024
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Venezuela Almost Arrested Me for ‘Laundering’ $75

October 3, 2023

Google Plans to Use AI to Make Ads *More* Intrusive than Ever

May 27, 2023

Stocks Struggle as UK Inflation Fuels Hawkish Bets: Markets Wrap

June 21, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.